William J. Crowder

CURRICULUM VITAE


Education:

Arizona State University Ph.D. 1992 Economics
Arizona State University B.S. 1987 Economics

Academic Employment History:

University of Texas at Arlington, Director, Executive PhD Program 2015-present
University of Texas at Arlington, Professor of Economics, 2008-present
University of Texas at Arlington, Associate Professor of Economics, 1998-2008
University of Texas at Arlington, Assistant Professor of Economics, 1992-1998
Arizona State University, Research Assistant, 1987-92
Arizona State University, Instructor, 1989-92

Refereed Articles Published in Academic Journals

"Real Exchange Rate Persistence in U.S. Dollar PPP Systems," International Finance, Volume 17, Issue 2, Summer 2014, Pages 209-239.
"The liquidity effect: Evidence from the U.S.," Economics Letters, Volume 117, Issue 1, October 2012, Pages 315-317.
"Does Investment Lead to Greater Output? A Panel Error-Correction Model Analysis," Applied Economics, 2011, 43, 773-785. (w/Pieter de Jong)
"A Re-Examination of International Inflation Convergence Over the Modern Float.," Journal of International Financial Markets, Institutions & Money, 2007, vol. 17, issue 2, 125-139. (w/Chanwit Phengpis)
"The Interaction of Monetary Policy and Stock Returns," Journal of Financial Research, Winter 2006, Vol. XXIX, No. 4, p.523-535 .
"Stability of the S&P 500 Futures Market Efficiency Conditions," Applied Financial Economics, 2005, 15, 855-866. (w/Chanwit Phengpis)
"Why Are Real Interest Rates Not Equalized Internationally?," Southern Economic Journal, October 2004, Vol. 71 No. 2, p.441-458. (w/S. Young Chung)
"A Cointegrated Structural VAR Model of the Canadian Economy," Applied Economics, February 2004, Vol. 36 No. 3, p.195-213. (w/Mark E. Wohar)
"The Changing Long-Run Linkage Between Yields on Treasury and Municipal Bonds and the 1986 Tax Act," Review of Financial Economics, January 1999, Vol. 8 No. 2, p.101-119 . (w/Mark E. Wohar)
"Identification, Long-Run Relations, and Fundamental Innovations in a Simple Cointegrated System," Review of Economics and Statistics, February 1999, Vol. 81 No. 1, p.109-121. (w/Dennis L. Hoffman and Robert H. Rasche)
"Are Tax Effects Important in the Long-Run Fisher Relation?: Evidence from the Municipal Bond Market," Journal of Finance, February 1999, Vol. 54 No. 1, p.307-317. (w/Mark E. Wohar)
"Stock Price Effects of Permanent and Transitory Shocks," Economic Inquiry, October 1998, Vol. 36 No. 4, p.540-552. (w/Mark E. Wohar)
"The Long-Run Relation Between Money Growth and Inflation," Economic Inquiry, April 1998, Vol. 36 No. 2, p.229-243.
"The Long-Run Fisher Relation in Canada," Canadian Journal of Economics, November 1997, Vol. 30 No. 4, p.1124-42.
"Cointegration, Forecasting and International Stock Prices," Global Finance Journal, Winter 1998, Vol. 9 No. 2, p.181-204. (w/Mark E. Wohar)
"Balanced Growth and Public Capital: An Empirical Analysis," Applied Economics, August 1997, Vol. 29 No. 8, p.1045-1053. (w/Daniel Himarios)
"A Note on Cointegration and International Capital Market Efficiency: A Reply," Journal of International Money and Finance, August 1996, Vol. 15 No. 4, p.661-664.
"The Long-Run Relationship Between Nominal Interest Rates and Inflation: The Fisher Equation Revisited," Journal of Money, Credit and Banking , February 1996, Vol. 8 No. 1, p.102-118. (w/Dennis Hoffman)
"Purchasing Power Parity When Prices Are I(2)," Review of International Economics, June 1996, Vol. 4 No. 2, p.234-246.
"A Re-examination of Long-Run PPP: The Case of Canada, the UK, and the US," Review of International Economics February 1996, Vol. 4 No. 1, p.64-78.
"The International Convergence of Inflation Rates During Fixed and Floating Exchange Rate Regimes," Journal of International Money and Finance, August 1996, Vol. 15 No. 4, p.551-575.
"The Dynamic Effects of Aggregate Demand and Supply Disturbances: Another Look," Economics Letters, September 1995, Vol. 49 No. 3, p.231-237.
"Covered Interest Parity and International Capital Market Efficiency," International Review of Economics and Finance, 1995, Vol. 4 No. 2, p.115-132.
"Foreign Exchange Market Efficiency and Common Stochastic Trends," Journal of International Money and Finance, October 1994, Vol. 13 No. 5, p.551-564.
"A Cointegration Test for Oil Futures Market Efficiency," Journal of Futures Markets, December 1993, Vol. 13 No. 8, p.933-941. (w/Anas Hamed)
"Purchasing Power Parity over the Modern Float: An Application in Higher Order Cointegration," Economics Letters, November 1992, Vol. 40 No. 3, p.313-318.

Conference Presentations

07/1992    "Foreign Exchange Market Efficiency and Common Stochastic Trends" - Western Economic Association, San Francisco
11/1992    "Foreign Exchange Market Efficiency and Common Stochastic Trends" - Southern Economic Association, Washington, D.C.
11/1993    "The Long-Run Relationship Between Nominal Interest Rates and Inflation: The Fisher Equation Revisited" - Southern Economic Association,  New Orleans, LA
11/1994    "Purchasing Power Parity When Prices Are I(2)" - Southern Economic Association,  Orlando, FL
07/1995    "Balanced Growth and Public Capital: An Empirical Analysis" - Western Economic Association, San Diego
07/1996    "The Long-Run Relation Between Money Growth and Inflation" - Western Economic Association, San Francisco
11/1996    "The Dynamic Effects of Aggregate Demand and Supply Disturbances: Another Look" -  Southern Economic Association, Washington, D.C.
11/1997    "Sources of U.S. Dollar Real Exchange Rate Fluctuations: Evidence from an Equilibrium Model" - Southern Economic Association,  Atlanta, GA
07/1998    "Why Are Real Interest Rates Not Equalized Internationally?" - Western Economic Association, Lake Tahoe
11/1998    "The Long-run Linkage Between Yields on Treasury and Municipal Bonds and the 1986 Tax Act" - Southern Economic Association,  Baltimore, MD
07/2000    "A Cointegrated Structural VAR Model of the Canadian Economy" - Western Economic Association, Vancouver
11/2001    "Testing Stationarity of Real Exchange Rates Using Johansen Tests" - Southern Economic Association,  Tampa, FL
11/2004    "The Convergence of Nominal Exchange Rates and Price Levels to the PPP Equilibrium" - Southern Economic Association,  New Orleans, LA
11/2005    "Long-Run Neutrality: A Re-Examination of the King-Watson Method" - Southern Economic Association, Washington, D.C.
06/2008    "The Convergence of Exchange Rate and Price Levels to the PPP Equilibrium" - Western Economic Association, Honolul, HI
11/2010    "The Importance of Permanent/Transitory Dichotomy in Explaining the Liquidity Effect: International Evidence" - Southern Economic Association,  Atlanta, GA
11/2012    "Are Consumers More Ricardian when Debt Levels Are Higher" - Southern Economic Association,  New Orleans, LA
11/2013    "Monetary Policy and Real Interest Rates: International Evidence" - Southern Economic Association,  Tampa, FL